Shares of Nike Inc. rose less than 1% late Tuesday after the company reported fiscal first-quarter profit above forecasts and quarterly sales that met expectations. Nike said it earned $950 million, or 57 cents a share, in the quarter, compared with $1.25 billion, or 73 cents a share, in the year-ago period. The dip was driven by gross-margin declines, a higher tax rate, and higher other expenses, offset in part by lower selling and administrative expenses and a lower average share count, Nike said. Revenue reached $9.07 billion, flat compared with the year-ago period. Analysts polled by FactSet had expected earnings of 48 cents a share on sales of $9.09 billion. Shares had ended the regular trading session up 0.9%.

Carnival Corp. shares were up 3% in early Tuesday trading after the cruise company reported third-quarter earnings and revenue that beat expectations. Net income for the quarter totaled $1.33 billion, or $1.83 per share, down from $1.42 billion, or $1.93 per share, for the same period last year. Adjusted EPS was $2.29, beating the $2.20 FactSet consensus. Revenue totaled $5.52 billion, up from $5.10 billion last year and ahead of the $5.39 billion FactSet consensus. Carnival said that changes in fuel prices and currency exchange rates lowered earnings by 3 cents per share. Non-cash impairment charges of $392 million were driven by a business realignment in Australia. "[O]ur owned destinations including Amber Cove, Dominican Republic; Cozumel, Mexico; Mahogany Bay, Honduras; Half Moon Cay and Princess Cays, Bahamas, as well as more than 40 other ports, plus all those in Mexico, are fully operational and welcoming guests," said Chief Executive Arnold Donald in a statement, referring to the recent earthquakes in Mexico and the hurricanes that swept through the Caribbean. Temporary port closures are expected to result in a 10-to-12 cents reduction in EPS in the fourth quarter. Adjusted EPS for the fourth quarter is expected to be in the range of 44 cents to 50 cents. The FactSet consensus is 63 cents. Carnival shares are up more than 26% for the year so far while the S&P 500 index is up 11.8% for the period.

Kohl's Corp. said Tuesday that Chief Executive Kevin Mansell will retire in May 2018 and Michelle Gass will succeed him. Mansell has been with the company for 35 years and has served as CEO for 10. Gass joined Kohl's in 2013 as chief customer officer, and was named chief merchandising and customer officer in 2015. Prior to joining Kohl's Gass spent nearly 17 years with Starbucks Corp. . Sona Chawla, the company's chief operating officer since joining in 2015, will assume the role of president in May. Prior to joining Kohl's, Chawla spent seven years with Walgreens Boots Alliance Inc. . Kohl's shares are down 0.4% in premarket trading, and down 6.4% for the year so far. Kohl's shares are up 23.2% for the last three months. The S&P 500 index is up 2.4% for the last three months.

Internet video platform Vimeo, owned by InterActiveCorp. said on Tuesday that it plans to acquire live video streaming company Livestream. Vimeo plans to integrate Livestream into a newly launched live Vimeo product. Terms of the deal were not disclosed. "Live streaming is the No. 1 request from our creator community this year, and we're focused on bringing a new level of quality, convenience and craft to this evolving medium," Vimeo Chief Executive Anjali Sud said in a statement. Shares of IAC have gained 77% in the year to date, while the S&P 500 index is up more than 11%.

Shares of Genius Brands International Inc. rose nearly 10% in early morning trade on Tuesday after the entertainment company's Chief Executive Andy Heyward sent a letter to shareholders about its new deal with Amazon.com Inc.. Amazon will offer an exclusive kids subscription channel, Kid Genius Cartoon Plus, to its 80 million Amazon Prime subscribers. "It is the most important transaction in the history of Genius Brands," Heyward wrote in his letter. The Amazon-Genius Brands partnership is a multi-year deal, and the channel will cost subscribers $3.99 per month. The channel will launch on Sept. 28. Heyward said in his letter: "Monthly subscriber fees enable Genius Brands to immediately monetize the investment." He also noted that Amazon currently has another kids programming service in PBS Kids. "However, PBS Kids is a service that programs to toddler and preschooler children, whereas Kid Genius Cartoons Plus programs to all kids," Heyward wrote. Shares Genius Brands International have fallen nearly 33% in the year to date, while Amazon shares are up more than 25% and the S&P 500 index is up more than 11%.

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